Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The profit made by selling an article for ₹8,800 is equal to the amount of loss incurred on selling the same article for ₹7,200. What will be the profit percent, if it was sold for ₹9,600?

Options:

20%

25%

18%

15%

Correct Answer:

20%

Explanation:

First selling price = 8,800 

Second selling price = 7200

The cost price = \(\frac{First\;  selling \; price + Second \;  selling \; price}{2}\) = \(\frac{8,800 + 7200}{2}\) = 8000

The new selling price = 9600

Profit = 9600 - 8000 = 1600

Profit percentage = 1600 × \(\frac{100}{8000}\) = 20%